Evidence is emerging that a growing wave of businesses are going to the wall as the end of the financial year approaches.
The changing mix of Australian employment is leading to a skills shortage and is harming both businesses and job seekers alike, a new study warns.
The Australian dollar falls within a whisker of a decade low, as minutes from the Reserve Bank's latest meeting confirm another rate cut is almost certain.
The retail market is especially tough for the humble local newsagent, with many of them being forced to expand their services to stay in business.
A fall in the number of job advertisements indicates that employment growth is likely to keep slowing over coming months.
Australia's unemployment rate remains stuck at 5.2 per cent, despite the creation of 42,300 jobs in May, as a record number of people look for work.
Anxiety about the economic slowdown and job security are evident in the latest consumer sentiment survey and point to households preferring to save than spend.
Australia's sprawling outer suburbs have rapidly growing populations, but most of the new residents have a very long commute to get to jobs that are mainly located near the CBD.
Australia's private sector is losing momentum, with business conditions "well below average" and weakening further, according to the National Australia Bank's monthly business survey.
Retirees and first-home savers are expected to be hardest hit as a result of the Reserve Bank's rate cut, as the interest they earn from term deposits and savings accounts continues to fall.